Does your family business’s succession plan include estate planning strategies?
Are you a family business owner who needs to work on your succession plan? Be sure to consider whether, and when, you want to give up control of the company.
Are you a family business owner who needs to work on your succession plan? Be sure to consider whether, and when, you want to give up control of the company.
There have been proposals in Washington to reduce the estate and gift tax exemption amount, as well as make other changes to the estate tax laws. Making tax-free gifts by year end can reduce the size of your taxable estate and may be one way to recognize and address this potential threat.
Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
With the federal estate tax exemption so large, you may not be worried about estate taxes anymore. But it’s a good time to focus on saving income taxes for your heirs.
If you’ve inherited assets or you’re planning your estate, it’s crucial to understand the fair market value basis rules (also known as the “step-up and step-down” rules). That way, you won’t pay more tax than you’re legally required to.
Yes. Many people with second homes want them to stay in the family but also want to limit estate and […]